Trinity Health provides paused its Epic implementation throughout the COVID-19 pandemic, the not-for-profit program said on its investor contact Friday.
Livonia, Mich. -based Trinity now desires to have all 92 of its private hospitals plus its medical groups moved forward to the new electronic health report platform by the end of 2023, 12 months later than previously planned .
Despite the prolonged timeline, Trinity still held the single-largest Epic go-live in The month of january when about 27, 000 The state of michigan employees adopted the platform. Trinity’s St Peter’s Health Partners in Albany, N. Y., will go live on system in March 2021.
Dr . Dan Roth, Trinity’s chief clinical officer, said to the investor call that Trinity’s Legendary implementation is “one of the places we’re most excited about, ” since it will leverage technology and range to improve physicians’ efficiency and pleasure while also lowering costs. Trinity employs 6, 800 physicians plus clinicians and has 27, 000 associated physicians.
One particular benefit of delaying the implementation is the fact that Trinity’s labs will now go reside at the same time as the rest of the system, Roth said.
“That will help us to do things more proficiently, ” he said.
Epic implementations are an infamously expensive undertaking. Boston’s Mass Common Brigham, formerly Partners HealthCare, invested $1. 2 billion on the Epic install , and its Legendary implementation comprised a chunk associated with Mayo Clinic’s $1. 5 billion dollars investment in new technology a few years back.
Trinity has not said how much the project will definitely cost, but Interim Chief Financial Official Cindy Clemence said on Friday’s call Trinity expects its yearly capital spending to be roughly $1. 2 billion over the next few years, including the Epic install. The system reduce capital spending in fiscal 2020 because of the pandemic, Clemence said.
Like many of the peers, Trinity has struggled along with lower volumes during the pandemic, plus reported a razor thin zero. 4% operating margin in the year ended June thirty. The system drew $74. 7 mil in operating income in financial 2020 on $18. 8 billion dollars in revenue, compared with $271. 7 million in operating income upon $19. 3 billion in income in fiscal 2019, an one 4% margin.
Trinity announced in early 2019 that its Epic changeover would mean relocating or outsourcing regarding 1, 650 employees. Some works out of consolidated billing offices within Michigan and Ohio and others is useful for its application management services supplier, Leidos.